Minister talks up gas
to significantly lower emissions in importing countries by around 148 Mt CO2-e by replacing coal, which has around double the emissions of gas,” Mr Taylor will say.
“Our success means that we can help lower global emissions below what they would otherwise have been by up to 27 per cent of Australia’s annual emissions in the year to December 2018. This is a substantial global contribution to be proud of. (LNG exports) are keeping our country economically secure. And a strong economy means more jobs for Australians.”
The value of Australia’s LNG exports are forecast to rise from $31.5 billion in 2017-18 to $51.3 billion in 2019-20. LNG export capacity is this year forecast to be close to 50 million tonnes.
The State currently exports most of its LNG production to Japan, the world’s biggest LNG consumer. New long-term contracts with customers in China and India will make the distribution of the State’s future LNG exports more diverse.
The Federal Government’s quarterly update of the national greenhouse gas inventory for the three months to December 2018, released last week, shows emissions increased by 0.8 per cent seasonally adjusted, compared to the previous quarter.
Mr Taylor will today say those who do not factor in the positive impact of the LNG industry are reading the data wrong.
“Critics — and there are a few of them — are all too eager to trumpet the latest quarterly emissions data as proof that Australia’s emissions reductions efforts are not sufficient to meet our Paris targets,” he will say.
“Australia is going to meet its international commitments to reduce our emissions by 26 to 28 per cent by 2030 — while our LNG export industry also makes a significant impact to reduce emissions overseas.”
WA’s Environmental Protection Authority this week launched a consultation process to develop a new approach to carbon emissions after a guideline in March was withdrawn following an LNG industry backlash.